Business

When Lagos state authorities notified Nigerian business mogul Paul Onwuanibe in late March that he had seven days to leave his multimillion-dollar beach resort so it could be torn down, he thought it was an April…

The Nigerian naira clawed back a high degree of previous losses against the British pound this year at the unofficial market as inflows by FPIs and growing confidence in the local currency amplified its bullish momentum.…

Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies.…

The Central Bank of Nigeria, CBN, has sold N676.65 billion through the Open Market Operation, OMO, at a 21 per cent interest rate to…

Two Civil Society Organisations (CSOs) have appealed to President Bola Tinubu for state’s protection for unearthing alleged money laundering perpetrated by Binance Holdings Ltd. The CSOs are Empowerment for…

Investing towards the long term and retirement can seem daunting for most Nigerians. However, a member of FCMB Group Plc, FCMB Asset Management…

Eniola Ajao’s debut cinema production, ‘Ajakaju (Beast of Two Worlds)’, grossed N101.2 million within five days of its release. FilmOne Entertainment disclosed this on Thursday via its Instagram handle, @filmoneng. The…

The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and its allies led by the Russian Federation has decided to keep oil production quota unchanged until its next…

My name is Yuki Gambaryan, and I am pleading with you from the bottom of my heart as Tigran Gambaryan’s wife to please allow my innocent husband to come home. Tigran is, first and foremost, an incredible father, loving…

Tigran Gambaryan, Binance’s head of financial crime compliance, has arrived the federal high court in Abuja for arraignment over allegations of money laundering. On February 28, Gambaryan and Nadeem Anjarwalla,…

The Nigerian Electricity Regulatory Commission, on Wednesday, approved an increase in electricity tariff for customers under the Band A classification. The Vice Chairman, NERC, Musliu Oseni, said the increase will…

Nigerian Breweries Plc plans to raise up to N600 billion through a rights issue to address challenges posed by the Naira devaluation and high borrowing costs. Uaboi Agbebaku, the company’s secretary, disclosed this in…

The 650,000 a day Dangote oil refinery came with huge promise for Nigeria’s economy gut now the plant is beginning to deliver giant-size punch against entrenched diesel cartels in the country. Nigerians consume…

Nigeria’s once-illiquid foreign exchange market is fast turning the corner, with liquidity climbing to pre-COVID levels in relief for the embattled naira. Turnover in the official market surged to a record $6.4 billion…

Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), TheCable can report. Findings by TheCable also showed the limits vary…

…as revenue drops to N21.55bn Fertiliser and agro-allied company, Notore Chemical Industries plc, has recorded group loss after tax (LAT) of…

The Nigerian government is breathing a sigh of relief as the long-awaited strengthening of the naira against the US dollar has significantly reduced the burden of…

Nigeria’s leading billionaire investors and business moguls, Aliko Dangote and Abdulsamad Rabiu, witnessed growth as their companies collectively amassed nearly N10 trillion in capital gains at the end of the first quarter…

Prominent Traditional rulers from Dangote Cement Ibese host communities have commended the leadership ingenuity of the outgoing Plant Director, Azad Nawabuddin saying…

Lekki Deep Sea Port LFTZ Enterprise Limited has said it received 75 vessels and also facilitated 25,000 transhipments of 25,000 in the last year. It made the disclosure on Monday at an event to mark one year of its…

Nigerian crude maintained its premium status as investors and sold higher than the FG budget benchmark on oil as oil traders eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries…

Cryptocurrency exchange Binance has demanded the immediate release of its contractor who was detained in Nigeria last month. In a Wednesday morning statement to Peoples Gazette, Binance said contractor Tigran Gambaryan has…

Fraudsters have cloned the website of Air Peace to take advantage of intending passengers on its flight to Gatwick Airport in the United Kingdom.The…

The Federal Government and the International Criminal Police Organisation have commenced extraditing a Binance chief, Nadeem Anjarwalla, who escaped detention in Nigeria on March 22. Security agencies had arrested…